Record 3,415 Americans give up citizenship by Robert Frank

“Record numbers are checking out of the U.S.—Would you ever consider leaving America?

Under what situation would you leave America?

1. If the Federal government continued to tax you more?
2. If healthcare got out of control?
3. If the government was proven to be broke and couldn’t fund Medicare and Social Security?
4. Opportunity for higher paying jobs?
5. Something else?

I would love to hear your feedback below and on Twitter: #gcrecommends.” – GC

Record 3,415 Americans give up citizenship by Robert Frank

While politicians are focused on all the foreigners who want to become Americans, perhaps they should consider all the Americans who are becoming foreigners.

According to the latest data from the Treasury Department, spotted by Andrew Mitchel at the International Tax Blog, a record 3,415 Americans renounced their citizenship in 2014. That was up from the 2,999 in 2013 and more than triple the number for 2012.

Read the full article at: CNBC

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